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Technology Stocks : XO Communications (XOXO)
XOXO 34.990.0%Dec 21 4:00 PM EST
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To: Madharry who wrote (850)12/3/2001 8:20:51 PM
From: Ronald P. Margraf Sr.   of 1018
 
Madharry,

Actually, the more I think about this the more I think everyone is jumping the gun. Other then the stock being haulted, no one has lost anything yet.

First. LF wants the company to throw out all existing shares, not make an offering to anyone an re-issue new shares.

Second. They want XO to get their debt down to 1 bil. by the 14 of DEC..

Third. The SEC has to approve the action.

So the way I se it, it is nothing but bad press at this point in time. For all anyone knows, the SEC just might tell XO to pay everyone off of record as of the last day of trading or tell them that they will have to file chapter 11 for the benefit of the existing shareholders. Actually, I think that is the better way to go for all concerned.

Ron
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